FMG 1.10% $19.76 fortescue ltd

FMG Technical Analysis, page-8993

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    yep as expected a SELL down & SHORT ATTACK at close & all arvo.
    stayed a green candle but with a short body
    9c green body 31c long neck 2c tail

    another long neck
    a series of long necks now
    meaning unsupported daily high patterns
    SHORTS made an easy 25c at close

    and again way below the 22.95 bullish close of 12 Jan
    and IOP at 130 yet SP didnt follow it, a bear signal again.

    next 7 days may be the tell
    wont be surprised to see a crash to 20 actually
    a break of 22.00 support would be very telling

    SHORTS lining up here.
    Danger zone.
 
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